Running in Place PBL Assessment

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How can Roger help his brother Holden understand basic economics?  We are doing this currently by having one of four Economist (Hayek, Keynes, Marx, and Smith).     The next step (but not the final step) is for you to play the role of Holden and show understanding by taking a short exam on basic economics.    What should you study?   Your notebook.

1.  Scarcity:  Be able to explain it with examples.
2.  Identify the factors of production with examples.
3.  Be able to explain the circular flow of economics
4.  Can explain the PPF Khan Academy video.
5.  Be able to identify what is capitalism and socialism and how they are different.
6.  Can identify ideas related to the four Economist (Hayek, Keynes, Marx, and Smith) based on th mock interviews you saw.
7.  Watched the film and understand what Americans have done since the late 1970s because pay has stagnated.
8.  Can identify the difference between the types of businesses with examples.
9.  Know the ER guide and examples.
10. Can explain the Deficit vs. Debt Khan Academy video.

When is the short exam?

• South and West:  Tuesday 2/11
• East and North:  Wednesday 2/12

How will this day look

• 10 minutes to review in partners
• 50 minutes to take the test
• 26 minutes to watch mock interviews

What is the final step?

• Thursday 2/13 is a 4-block.   We will be connecting the Running in Place PBL back to my course EQ by debriefing it.   This is also an important assessment.